311 N Idaho St 9 Unit Apartment Building $3,850,000 ($427,778/Unit) 5.06% Cap Rate La Habra, CA 90631

This 9-unit apartment building is located at 311 North Idaho Street in La Habra CA. The property bene?ts from its excellent unit mix of seven (7) 1 bedroom and 1 bath units and two (2) 3 bedroom and 2 bath units. Well-maintained and spacious, this property includes two newly constructed (2024) 3 bedroom and 2 bath units, twelve (12) assigned parking spaces, separately metered for gas and electric, and private yards.
The property has recently undergone a complete, $1.1 million dollar interior and exterior renovation project. Interior renovations include new paint, new vinyl plank flooring, new dual pane vinyl windows, washer and dryers in-unit, new cabinets, tile backsplashes, new stainless-steel appliances, new quartz countertops, and new fixtures. All these features are top-of-the-line and have a very modern aesthetic. The exterior renovations include new, modern farmhouse-style fencing, fresh paint, new doors, electrical panels, solar panels, upgraded drought-resistant landscaping and new property signage.
The 311 Apartment Homes are conveniently located between two, large shopping centers The La Habra Gateway and The La Habra Marketplace, both of which provide a variety of dining, shopping and entertainment opportunities for the residents. The property is conveniently located near Beach Boulevard and the Imperial Highway which make for an easy commute to the greater Orange County and Los Angeles County areas.
Given the scope of the renovations, the current rents being achieved, and the ancillary income produced, this is an amazing turnkey, stabilized multifamily asset in a strong performing market.